2nd Jul 2020 14:24
Serinus Energy PLC - Saint Helier, Jersey-based oil company - Says directors have agreed to extend the temporary reduction in their salaries and fees. The reductions will remain due to the current economic environment created by the impact of Covid-19 and compounded by low commodity prices. The board has reviewed and agreed to continue the temporary 20% reduction in the base salary for Jeffrey Auld and Andrew Fairclough, the executive directors, and a 25% reduction for the non-executive directors, with effect from July until the end of September.
Current stock price: 7.50 pence
By Evelina Grecenko; [email protected]
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